3 edition of Your economic life: The practical applications of economics found in the catalog.
Your economic life: The practical applications of economics
Roger LeRoy Miller
1994 by HarperCollins .
Written in English
|The Physical Object|
|Number of Pages||29|
On the soccer field or at the prom, the lessons in this book will not prove as relevant. Why do tax rates vary so much between countries, and why? Maps of bounded rationality: Psychology for behavioral economics. Discounting is non-linear, and its rate is not constant over time.
Different types of people experience different levels of pain of paying, which can affect spending decisions. The principles or laws of economics are the same, whether the economist is a Republican or a communist, and whether he lives in New Zealand or Somalia. Introduction Think about the last time you purchased a customizable product. Carine Mueller Carina has a background in environmental sciences and conservation biology. Annual Review of Psychology, 64,
The publication of Adam Smith's The Wealth of Nations inhas been described as "the effective birth of economics as a separate discipline. Frederick, S. We also live in the moment, in that we tend to resist change, are poor predictors of future behavior, subject to distorted memory, and affected by physiological and emotional states. Econometrica, 26 1 : Well-known examples of bubbles include the US Dot-com stock market bubble of the late s and housing bubble of the mids.
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The Quarterly Journal of Economics, They were then asked about the maximum they would be willing to pay. Advising the behavioral investor: Lessons from the real world. Organizational Behavior and Human Decision Processes, 76, Physiocrats advocated replacing administratively costly tax collections with a single tax on income of land owners.
Antidepressant direct-to-consumer advertising and social perception of the prevalence of depression: Application of the availability heuristic. We also live in the moment, in that we tend to resist change, are poor predictors of future behavior, subject to distorted memory, and affected by physiological and emotional states.
Here she contributed to the application and methodological development of environmental LCA and sustainability assessments to guide decision-making within innovation, supply chain and marketing. It is your plain-speaking, visual guide to the production and distribution of wealth.
Information Avoidance Behavioral economics assumes that people are boundedly rational actors with a limited ability to process information. For most people, they make no sense over the long term. The effort heuristic.
Are experimental economists prone to framing effects? It also traces the history of economics from the ancient Greeks to today, presenting over key ideas from the world's greatest economic thinkers, such as Thomas Malthus, John Maynard Keynes and Milton Your economic life: The practical applications of economics book, showing you how theories develop as one economist influenced the next.
Glaeser, E. Its [laws] refer neither to ideal nor to perfect men, neither to the phantom of a fabulous economic man homo oeconomicus nor to the statistical notion of an average man Man with all his weaknesses and limitations, every man as he lives and acts, is the subject matter of [economics].
Does exclusivity always pay off? For example, we may underestimate our risk of getting cancer and overestimate our future success on the job market. Practitioners who are growing animals will be able to maximize the nutritional content of their feed while keeping costs down.
Journal of Economic Literature, 40, In fact, reciprocity discussed later exists as a basic element of human relationships and behavior, and this is accounted for in the trust extended to an anonymous counterpart Berg et al. The American Economic Review, 93, Consider the bustling metropolis of Manhattan: Millions of people work on this tiny island that is less than 23 square miles in land area.
Briefs are characterized by fast, global electronic dissemination, standard publishing contracts, standardized manuscript preparation and formatting guidelines, and expedited production schedules. Although we mainly worked on a pre-selected case study provided by the instructors, we also had the chance to discuss our own projects with the instructors, which was very helpful.
Journal of Consumer Psychology, 14 3 Pushing it to the extreme, economics even has a lot to say about cases where a single, isolated person takes actions to improve his or her situation.
Bickel, W. If the war is not winnable or if the expected costs outweigh the benefits, the deciding actors assuming they are rational may never go to war a decision but rather explore other alternatives. Teaching and certificates You'll learn through a combination of lectures, hands-on examples, group discussion and exercises.
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economics editor, Greg Ip, clearly and Your economic life: The practical applications of economics book explains basic macroeconomic, finance, and globalization concepts in his book, The Little Book of Economics: How the Economy Works in the Real World.
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